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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings (Loss) per Common Share (Policies)
6 Months Ended
Jun. 30, 2023
Policies  
Earnings (Loss) per Common Share

Earnings (Loss) per Common Share

 

Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share – Overall – Other Presentation Matters. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that we incorporated as of the beginning of the first period presented.

 

All dilutive common stock equivalents are reflected in our net income (loss) per share calculations. Anti-dilutive common stock equivalents are not included in our loss per share calculations. The Company’s convertible note payable for $45,000 as of June 30, 2023 and December 31, 2022 (see Note 3) and the Company’s Series 2023 Note for $25,000 as of June 30, 2023 (see Note 5) are excluded from dilutive net income (loss) per common share. The convertible note payable is convertible at a conversion price the note holder and the Company agree on and the Series 2023 Notes are mandatorily convertible upon future events. Therefore, the number of shares these convertible securities are convertible into are not determinable.